Explain the Difference Between Berkeley's and Locke's (Previous Reading) Views

question 258

Essay

Explain the difference between Berkeley's and Locke's (previous reading) views regarding secondary qualities. With whom do you agree, and why?

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Definitions:

Discount Date

The last day on which a cash discount may be taken. The day on which a note is discounted (sold).

Due Date

The final day an invoice is to be paid. After that day the buyer may be charged interest. Also, the date by which a loan is to be repaid.

Remittance

Amount that a buyer actually pays after deducting a cash discount.

Discount Period

A certain number of days after the invoice date, during which a buyer may receive a cash discount. The time between a note’s discount date and its maturity date.